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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.

AI Risk & Governance
US Treasury Seeks Input on Use of AI in Financial Services
By Manesh Samtani | 07/06/2024
Treasury Secretary Janet Yellen said the use of AI in finance presents “tremendous opportunities and significant risks”.

Cloud & Infrastructure
ECB Consults on Guidance for Outsourced Cloud Services
By Mark Johnston | 05/06/2024
The guide covers governance of cloud services, disaster recovery, data security and confidentiality, exit strategy, and other areas.

Structural Regulation
Bangladesh Bank Grants First Digital Banking Licence
By Editors | 03/06/2024
The licence was granted to Nagad Digital Bank, which first approached Bangladesh Bank about a digital bank licence in 2020.

Structural Regulation
RBI Finalises Recognition Framework for Fintech SROs
By Ajoy K Das | 01/06/2024
Entities seeking to become self-regulatory organisations in the fintech sector may submit an application with the RBI.

Cloud & Infrastructure
RBI Announces Launch of Three New Fintech Initiatives
By Ajoy K Das | 31/05/2024
The RBI launched a new application portal, a mobile app for G-Secs trading, and repositories containing FinTech and EmTech data.

Data Privacy
MAS Observes Data Governance Gaps at Some Banks
By Nithya Subramanian | 30/05/2024
Banks that underwent thematic inspections on their data governance and management have taken or are taking remedial actions.

Structural Regulation
ASIC to Launch New Professional Registers Search in June
By Sanday Chongo Kabange | 30/05/2024
The platform will allow users to search for a licence or registration across multiple registers with a single search.

Climate Risk
HKMA Launches Beta Platform for Physical Risk Assessments
By Sanday Chongo Kabange | 30/05/2024
The cloud-based platform enables banks to assess the physical risks of climate change on residential and commercial buildings.

Cloud & Infrastructure
BSP Eyes Open Finance Platform for Pensions, Insurance
By Mark Johnston | 28/05/2024
The open finance platform will use APIs to support access to different pension and insurance products and boost financial inclusion.

AI Risk & Governance
MAS Released New Project MindForge Whitepaper
By Editors | 28/05/2024
Building on the FEAT Principles and Veritas Methodology, the paper introduces a “platform-agnostic” reference architecture for responsible GenAI adoption.
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